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Extract Resources Ltd, based in Western Australia
focuses on uranium exploration, evaluation and development in Namibia.
Its key asset is the Rossing South uranium project,
where the company has discovered a high grade JORC compliant resource
of 145 Mlbs U3O8 at a grade of 449ppm in zone 1; Zone 2 has a JORC
resource of 122 Mlbs U3O8 at a grade of 543 ppm.
The high grades and proximity to the operating Rossing mine make
it an exciting discovery.
Namibia is maturing into a world-class uranium mining districted
where mining and and exploration in the country has drawn international
attention to this uranium mining friendly jurisdiction. Namibia
is serviced via a network of sealed highways connecting its capital
city Windhoek, in the central plateau region of Namibia, with the
coast at Walvis Bay, and with Botswana, Angola and South Africa.
Generally unsealed, but maintained, access roads provide regional
access throughout Namibia. Power is available via local extensions
to an extensive regional electricity grid originating in South Africa.
The country is in one of the best positions to become a future powerhouse
in uranium mining, which will satisfy a growing demand for uranium
to meet the world’s future energy needs.
Rossing South
- Rossing South Zone 1: JORC resource of 145 Mlbs U3O8 at a grade
of 449ppm
- Rossing South Zone 2: JORC resource of 122 Mlbs U3O8 at a grade
of 543 ppm
- Extract published a maiden resource for Ida Dome with collective
resources containing 25.1 Mlb U3O8
- The company is currently working on a feasibility study on the
Husab uranium project which is expected to be completed by the
end of 2009
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